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The market demand is p=50-Q. There are two firms who behave as Cournot duopolists. For simplicity assume the marginal cost is zero
A) solve for the equilibrium price and output
B) compare results with monopoly price and output.
Describe the size of public sector borrowing/public sector debt requirement. Autonomous consumption is 10 billion the marginal propensity to consume.
The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.
assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utily was derived from eating three pieces of candy?
Suppose the production of electricity by a utility generates pollution that harms others. Suppose also that Coase bargaining can occur between the utility and the victims of pollution but that the utility has not been legally liable for the damages f..
The labor supply function is given by N=1000+12w and labor demand is N=2000-8w. Find the equilibrium level of employment and wage. Given existing technology and the capital stock, output is given by the function Y=100N. Does the function exhibit dimi..
In equilibrium, what is the price and quantity of toasters? What kinds of toasters are bought and sold and which option will a low-quality producer choose
Illustrate what is the difference between absolute advantage and comparative advantage. If a country has an absolute advantage in both goods.
Decide on the next steps based on the events that took place. What makes this next step the best decision?
Globalization supporters argue that globalization increases wealth and efficiency in both developed and underdeveloped nations. What is this due? to?
Vertical integration is relatively more attractive:
q1. given production function fxy cxabyb-awhere a b c are positive and bgtaa. discuss the returns to scale marginal
If a central bank intervenes in the foreign-exchange markets and buys foreign currencies:
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